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Funding for female-owned businesses

The initiative, which is being funded by the controversial Sugar Industry Diversification Foundation (SIDF), comes as part of the Women in Small Enterprise (WISE) programme, a component of the Federal Government’s People Employment Programme (PEP).

A total of 40 women are benefiting from the project which was rolled out in Charlestown on Thursday, 5th December, 2013, at the local offices of the PEP.

Checks for the funding of the various business activities were presented to the recipients by a minister in the Federal Government, Patrice Nisbett, who is the Minister of Foreign Affairs, Homeland Security, Labour, Justice and Legal Affairs.

Thanking the SIDF for the contribution it is making, Nisbett told the forty beneficiaries that those financial grants are designed to aid with the growth and development of their small businesses.

“This is a very critical and strategic initiative by the Federal Government designed to assist the women of the Federation who are engaged in meaningful business activity,” observed Nisbett.

“I am so happy that the women of Nevis are taking part in this initiative because ever so often initiatives of Federal nature are in fact implemented, but people of Nevis don’t take advantage of those initiatives.”

But in relation to the WISE programme, he said that a number of women were applying for the assistance and checks have been distributed, Thursday’s event being the third. He hoped that the beneficiaries would use the monies available to further expand their businesses, or even to actualize their ideas and translate them into new businesses in Nevis.

Nisbett noted that the Federal Government had chosen women, as studies had shown that many households in Nevis were headed by women, and it was thus critical that the government empowered the women by ensuring that they have the requisite capital to develop their businesses.









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